The Robopocalypse
Is the internet killing middle class jobs?
The suggestion people should find robot resistant jobs like being a hair dresser made me laugh.
But it got me thinking about this scenario:
Pre-Internet: Company hires 100 employees and pays them $30k each to make products which are sold.
Robots / Internet: Company hires 10 employees and pays them $20k each to make the same products which are sold. Lower pay because supply/demand ratio gives company more wage leverage.
More money flows to the company owners and less to employees, and less to businesses employees would normally spend money on.
If robots / Internet are supposed to make our lives easier and better, what if there was this utopian scenario?
Robots make products for free. Government increases tax rate on product sales and distributes income to former employees so we can spend our time on the beach. Thanks robots!
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seasoned -
Thanks - 1 reply
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Karen Blundell -
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Ron Lafuddy -
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yukon Banned-
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